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One of my favourite parts from the latest RNS drop is this -
"· He is PhD and CIMA (UK) qualified, with strong appreciation of Corporate Governance and diversity skills obtained through various assignments" QUALIFIED, not like the green box lot! There's a massive difference between sides one thinks! :
"· Artem Matyushok served in senior M&A roles with major Natural Resource companies: total value of M&A deals executed is over $100bn
· Mr. Matyushok has 20 years' experience in Energy & Natural Resources
· He is PhD and CIMA (UK) qualified, with strong appreciation of Corporate Governance and diversity skills obtained through various assignments
· Mr. Matyushok is a former Shell alumnus, where he participated in several development projects and later was involved in Shell's incipient Energy transition initiative including hydrogen and ammonia"
Ah, sunshine, it's certainly lovely!
GLA
Such an easy waiting game, all of the M&A experts taking care of things as we bask in the sun -
An iNED is an individual who is a director (member) of the board of directors who does not have a material or pecuniary relationship with the company or related persons. The iNEDS's role is to provide independent oversight and constructive challenge to the executive directors
https://www.aon.com/unitedkingdom/insights/a-guide-for-independent-non-executive-directors.jsp
It's very easy to understand his recent appointment!
GLA
Mac - You know precisely sweet F.A! In fact, you know less! Can anyone who posts/reads the BB on a regular basis direct me to ONE (1) ‘prediction’ our enlightened one has called correctly? I’ll save you the brother, there ain’t one!
Mac , you are a bottom feeding, socially inept fantasist. Trading the granny out of this and somehow, despite YEARS of terrible shouts there’s a handful of knuckleheads on here seemingly hanging off your every word.
Absolutely staggering!
You need locking up.
What about these facts Mac, care to explain to us all why the BOD don’t seem to be able to give us an update?
1. WK production figures for 2021
2. Rosgeo JV Licences; (1 Sept Nyud in advanced state) 260 days ago!
3. Rosgeo JV JORC’s (24 Sept; due shortly) 237 days ago!
4. Asset sale; (28 Oct buyers DD complete) 203 days ago!
5. NYUD JORC (8 Feb draft CPR with BOD for review) 100 days ago!
6. 24 Feb Russia invades Ukraine; 84 days ago!
7. 2 March RNS; BOD confirm that the sanctions don’t prevent the Company from executing on its M&A strategy 78 days ago!
Do enjoy the M&A facts to feast on at the M&A banquet.
There are those who know, then, there are those who pretend to know. If you know then you can always provide the third party verification link which provides the official information for anyone to read themselves. After that, well, it's just a simple game of comprehension.
Do have a lovely afternoon genuine shareholders, she's a fine day outside!
GLA
Mac; “UBS, DLA Piper, Dmitry (ex investment banker who has done numerous deals previously), and now Artem . . . . . all top level experts in M&A” so why hasn’t the deal completed yet and why do we suddenly need Artem if as you always state that everything’s proceeding nicely and there’s no issues?
Now i've done a little look over my shoulder, and, well, all i can see is Artem now helping them achieve the best possible deal for all genuine shareholders -
Artem Matyushok
Head of M&A and Business Development, Rosneft
"Artem Matyushok is Global Head of M&A at Rosneft leading them through $40Bn of M&A deal flow in 2016. He was previous a Manager of M&A in Treasury & Corporate Finance Division of Shell. He then moved to become Director of M&A at TNK-BP, before moving to Rosneft where he was first Head of New Business Development and Joint Venture Creation before moving to become Global Head of M&A."
https://energycouncil.com/event-speakers/artem-matyushok/
UBS, DLA Piper, Dmitry (ex investment banker who has done numerous deals previously), and now Artem . . . . . all top level experts in M&A.
Experts vs Green boxes, the choice is very easy imho
GLA
Mac; how many times over the last 2 years have you stated everything’s fine? Obviously that’s not the case otherwise we’d all be rich and celebrating in the Caribbean rather than trying to guess what the Furk is actually going on. None of us have a clue what’s going on behind the scenes and that includes yourself.
Oh, and rightly noted by other genuine shareholders, potential has been completely dropped from the statement, so, it's game on! Aimho
GLA
The title of this thread is all that matters to real shareholders, anything else is nonsense at this stage. It, yet again, has been confirmed in RNS that the Russian assets sale process is still very much going strong.
There's been doom and gloom spinners, volatility spinners etc etc. All nonsense, the deal/s is progressing all fine, that is what the latest RNS tells every single genuine shareholder.
GLA
DUTY BOUND TO GET THE BEST DEAL FOR ALL SHAREHOLDERS:
It's this part here -
"Provided that any conflicted directors declare their interest in a proposed transaction or arrangement, the relevant transaction or arrangement is not liable to be set aside. However, in circumstances in which directors have actual or potential conflicts of interest, the company may wish to consider appointing a committee of disinterested directors to ensure that the process of negotiating and approving the transaction and the terms of the transaction documents is robust
The directors must also consider their other statutory duties: the two most relevant duties when approving a company’s entry into an M&A transaction are the duty to exercise independent judgement and the duty to exercise reasonable care, skill and diligence"
https://www.financierworldwide.com/board-role-in-ma-transactions-practical-implications-of-directors-duties#.YoV8_WnTU0E
It's literally just around the corner imho. It's all to do with the best interests of ALL shareholders!
They complete these by having him run over things, question and push them to ensure the best possible deal has been done for all shareholders. He may pick up on one or two things which may get altered for the final paperwork, or, because Dmitry has been at the helm, he may not, and simply act a third party verification set of eyes confirming that it is all good to go as the best possible M&A for all shareholders -
"The directors must also consider their other statutory duties: the two most relevant duties when approving a company’s entry into an M&A transaction are the duty to exercise independent judgement and the duty to exercise reasonable care, skill and diligence"
They're duty bound to ensure that it is indeed the best possible M&A that they can achieve for all of us!
GLA
That is all, the end approaches. The green boxes have lost, they know that they have and are simply very desperate to close their shorts on the cheap.
GLA